How to Buy Cardano (ADA): A Step-by-Step Guide

Introduction

When buying Cardano, there are a few things to think about, like picking an exchange to buy it from and the method of transaction. Luckily, we’ve put together a list of trustworthy exchanges to assist you with the process.

Step-by-step guide

1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in your country and supports Cardano trading. Consider factors such as fees, security, and user reviews.
Platform Coin Price
Nexo Cardano (ADA) 0.73
PrimeXBT Cardano (ADA) 0.72
Uphold Cardano (ADA) 0.72
YouHodler Cardano (ADA) 0.72
Kraken Cardano (ADA) 0.72
OKX Cardano (ADA) 0.72
See all 73 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
Nexo Cardano (ADA) 0.73
PrimeXBT Cardano (ADA) 0.72
Uphold Cardano (ADA) 0.72
YouHodler Cardano (ADA) 0.72
Kraken Cardano (ADA) 0.72
OKX Cardano (ADA) 0.72
See all 73 prices
3. Fund Your Account
Move funds to your exchange account using supported payment methods such as EFT, credit card, or debit card.
4. Navigate to the Cardano Market
Once your account is funded, search for "Cardano" (ADA) in the exchange’s marketplace.
5. Select a Transaction Amount
Type in the amount of Cardano you want to buy.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Buy ADA" or equivalent button.
7. Complete Transaction
Your Cardano purchase will be processed and deposited into your exchange wallet in just a few minutes.
8. Transfer to a Hardware Wallet
It’s always best to keep your crypto in a hardware wallet for security reasons. We always recommend Wirex or Trezor.

Platform	Coin	Price
Nexo	Cardano (ADA)	0.73
PrimeXBT	Cardano (ADA)	0.72
Uphold	Cardano (ADA)	0.72
YouHodler	Cardano (ADA)	0.72
Kraken	Cardano (ADA)	0.72
OKX	Cardano (ADA)	0.72

Platform	Coin	Price
Nexo	Cardano (ADA)	0.73
PrimeXBT	Cardano (ADA)	0.72
Uphold	Cardano (ADA)	0.72
YouHodler	Cardano (ADA)	0.72
Kraken	Cardano (ADA)	0.72
OKX	Cardano (ADA)	0.72

What to be Aware of

When buying Cardano, it’s important to choose a reputable exchange that is easy to use and has reasonable fees. Once you’ve done this, always transfer your crypto to a hardware wallet. That way, no matter what happens to that exchange, your crypto is safe.

Latest Movements

Cardano (ADA) is presently priced at US$1 with a 24-hour trading volume of US$1.27B. In the past 24 hours, Cardano has experienced a decrease of -1.25%. The market cap of Cardano stands at US$32.98B, with 35.86B ADA in circulation. For those interested in buying or trading Cardano, Nexo offers ways to do so safely and efficiently

Market cap: US$32.98B
24h trading volume: US$1.27B
Circulating supply: 35.86B ADA

See the latest information

Frequently Asked Questions About Buying Cardano (ADA)

What factors influence the price of Cardano (ADA)?: The price of Cardano (ADA) is influenced by various factors, including market demand and supply, investor sentiment, technological advancements, regulatory developments, and broader cryptocurrency market trends. Additionally, Cardano's unique features, such as its proof-of-stake consensus mechanism and ongoing updates, can also impact its value. Staying informed about these dynamics is crucial for anyone interested in ADA's price movements.
How can I monitor the current price of Cardano (ADA)?: You can track the current price of Cardano (ADA) through various cryptocurrency exchanges and financial news platforms. Bitcompare offers real-time price comparisons across multiple exchanges, allowing you to view ADA's price fluctuations instantly. Additionally, setting up email rate alerts on Bitcompare can help you stay informed about significant price changes, ensuring you never miss an important update regarding ADA's market value.
What is the best platform for purchasing Cardano (ADA)?: The best platform to buy Cardano (ADA) varies based on user preferences, but popular exchanges include Binance, Coinbase, and Kraken. Bitcompare provides a comprehensive comparison of different platforms, showcasing their fees, security features, and user experiences. It is essential to consider factors such as transaction fees, ease of use, and customer support when choosing a platform to purchase ADA. Regularly checking Bitcompare can help you make informed decisions in the ever-changing cryptocurrency landscape.
What are the current loan and earn rates for Cardano (ADA)?: As of now, Cardano (ADA) offers various loan and earn rates across different platforms. There are a total of three loan rates, twenty-four earn rates, and seven lending rates available. While specific average and best rates are not disclosed, you can find competitive options such as Nexo for both loans and earning opportunities. To obtain the latest rates and make informed choices, regularly check Bitcompare's updates on ADA's financial options and market conditions.
How does staking Cardano (ADA) impact its price?: Staking Cardano (ADA) allows holders to participate in the network's proof-of-stake consensus mechanism, earning rewards for helping to secure the blockchain. This process can reduce the circulating supply of ADA, potentially exerting upward pressure on its price due to scarcity. Additionally, increased staking participation often reflects positive sentiment within the community, which can further influence ADA's market value. Staying updated on Cardano's staking developments through Bitcompare can provide insights into price trends.